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Accounting CoursesPrimarily for Undergraduates
| 06A:001 Introduction to Financial Accounting |
3 s.h. |
| Accounting and financial reporting procedures used by business and not-for-profit entities; emphasis on accounting concepts and use of accounting information in making economic decisions. Prerequisite: sophomore or higher standing. |
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| 06A:002 Managerial Accounting |
3 s.h. |
| Basic topics in cost behavior, measurement, accumulation; use of cost data for relevant analysis, budgeting, performance evaluation. Prerequisites: 06A:001, 06E:001, and 22M:017. |
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| 06A:020 Accounting for Nonbusiness Students |
3 s.h. |
| Financial and managerial accounting: financial statements--their elements, format, interrelationship, interpretation, and uses; analysis of corporate annual reports; cost/volume/profit relationships; decision analysis, performance evaluation. |
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For Undergraduate and Graduate Students
| 06A:101 Directed Readings in Accounting |
arr. |
| Individual guided readings in accounting topics. Prerequisite: admission to Professional Program in Accounting. |
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| 06A:113 Taxes and Business Decisions |
3 s.h. |
| Tax concepts; emphasis on recognizing tax-planning opportunities, pitfalls inherent in common management decisions. Prerequisites: 06A:002 or equivalent, and nonaccounting major or consent of advisor. |
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| 06A:120 Financial Accounting and Reporting |
3 s.h. |
| External financial reporting practices in context of decisions by management, current and potential stockholders, financial analysts; emphasis on interpretation, use of financial statements. Prerequisites: 06A:002 or equivalent, and nonaccounting major or consent of advisor. |
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| 06A:130 Accounting for Management Analysis and Control |
3 s.h. |
| Advanced topics in cost estimation, measurement, accumulation; use of cost data for decision making, performance evaluation in multi-unit organizations. Prerequisites: 06E:071, 06K:070, and admission to Professional Program in Accounting. |
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| 06A:131 Income Measurement and Asset Valuation |
3 s.h. |
| Accounting rules that determine how economic events and transactions are described in published financial reports; emphasis on revenue and expense recognition, asset valuation, accrual accounting model. Prerequisite: admission to Professional Program in Accounting or pre-accounting major. |
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| 06A:132 Valuation of Financial Claims |
3 s.h. |
| Current and long-term liabilities and stockholders' equity, off-balance sheet financing, cash flow statement, earnings-per-share, financial instruments. Prerequisite: 06A:131. |
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| 06A:133 Introduction to Taxation |
3 s.h. |
| Federal income taxation; individual, corporate, partnership income tax laws, regulations; emphasis on developing a broad perspective on structure, administration, rationale of federal income tax system. Prerequisite: admission to Professional Program in Accounting or pre-accounting major. |
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| 06A:141 Advanced Tax Topics |
3 s.h. |
| Taxation of corporations, partnerships from organization through liquidation; relative merits of conducting business through partnership, corporation, proprietorship, S corporation; introduction to tax research. Prerequisites: 06A:133, 06K:180, and senior standing. |
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| 06A:144 Auditing |
3 s.h. |
| General framework underlying auditing, role of audit standards in planning and conduct of audits, effect of regulation, ethics, liability on audit practices. Prerequisites: 06A:132, 06A:150, 06K:180, and senior standing. |
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| 06A:145 Advanced Financial Accounting |
3 s.h. |
| Accounting and reporting standards for business combinations, including mergers, consolidations, and multinational enterprises; accounting for partnerships, business segments, transactions denominated in foreign currency, including hedges using foreign currency derivate instruments; reporting standards for interim financial statements and fund accounting applied to government and nonprofit entities. Prerequisites: 06A:132 and senior standing. |
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| 06A:148 Business Law |
3 s.h. |
| Contracts, sales, debtor-creditor relations, business organizations, other aspects of law applied to business. Prerequisites: 06J:047 and senior standing. |
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| 06A:150 Professional Orientation Seminar Series |
1 s.h. |
| Accounting careers, advising, curriculum, M.Ac. program, internships, CPA examination, Beta Alpha Psi, UI Employment Expo. Offered fall semesters. Corequisite: 06A:131 or 06A:132. |
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| 06A:170 Special Topics in Accounting |
arr. |
| Prerequisite: consent of instructor. |
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| 06A:190 Experiential Learning |
3-6 s.h. |
| Professional internship experience with related course work (papers, oral presentation). Prerequisites: admission to M.Ac. program and consent of undergraduate accounting advisor. |
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| 06A:199 Academic Internship |
arr. |
| Professional internship experience. Prerequisite: consent of undergraduate accounting advisor. |
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Primarily for Graduate Students
| 06A:220 Design and Use of Cost Management Systems |
3 s.h. |
| Development of cost accumulation and reporting systems that complement a firm's strategy and structure; how activity-based cost management systems increase competitiveness by helping a firm manage its costs, processes, people. Prerequisite: 06A:130 or 06A:235 or consent of instructor. |
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| 06A:221 Financial Reporting: Theory and Practice |
3 s.h. |
| Corporate accounting choices in framework of traditional accounting theory, economic consequences, firm valuation. Prerequisites: 06A:132 and graduate standing in business. |
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| 06A:230 Advanced Auditing |
3 s.h. |
| Advanced issues such as ethics, independence, regulation and litigation, audit evidence, models of audit testing. Prerequisites: 06A:144 and graduate standing in business. |
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| 06A:231 Taxes and Business Strategy |
3 s.h. |
| Effect of taxes on business decisions, including investment strategies, financial policies; emphasis on tax planning, evaluating tax consequences of business decisions. Prerequisites: 06N:215 or equivalent or consent of instructor, and graduate standing in business. |
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| 06A:235 Strategic Cost Analysis |
3 s.h. |
| Introduction to cost accumulation, reporting, cost management systems; managerial and divisional performance evaluation; appropriate use of cost data for short- and long-run decisions; product costing in manufacturing and service industries. Prerequisite: 06N:215 or consent of instructor. |
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| 06A:240 Financial Accounting Standards and Analysis |
3 s.h. |
| Accounting model, underlying measurement concepts, valuation rules for assets, liabilities, related issues of income determination; emphasis on economic substance of transactions, evaluation and interpretation of financial data. Prerequisite: 06N:215. |
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| 06A:241 Tax Research |
3 s.h. |
| Deciding what research is needed, evaluating tax materials, developing facility with electronic and printed tax materials. Prerequisite: 06A:141 for undergraduates. |
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| 06A:245 Financial Information and Capital Markets |
3 s.h. |
| Use of corporate financial statements for investment and lending decisions; emphasis on financial analysis techniques, valuation, business analysis, cash flow projections, credit scoring, related research evidence. Prerequisite: 06A:240 or equivalent. |
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| 06A:246 Corporate Governance |
3 s.h. |
| How to evaluate and implement mechanisms for good corporate governance; to ensure returns for investors and firms' access to capital markets on reasonable terms; perspectives of investor, firm, regulator. |
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| 06A:286 Seminar in Accounting Research |
arr. |
| Forum on current research in accounting, related disciplines; faculty, student, guest papers, Ph.D. dissertation proposals. Prerequisite: Ph.D. enrollment. |
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| 06A:287 Seminar in Selected Accounting Topics |
arr. |
| Individual study, research paper preparation. Prerequisites: Ph.D. enrollment and consent of instructor. |
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| 06A:290 Thesis: Accounting |
arr. |
| Prerequisites: Ph.D. enrollment and consent of instructor. |
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